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Show TUESDAY,January30, 1596 Business The Salt Lake Tribune MUTUALS Page D-9 624.21 +2.59 5,304.98 +33.2 3 1,042.33 +1.37 $1.1910 +1.95¢ TRIBUNE BLOOMBERGINDEX FOR UTAH 138.73 +31 By Steve THE SALT L RIBUNE forSalt LakeCity sed Summit Family Restaurants Inc. by 1.6% to $32.3 million in cash and stock The amended agreement refleets an increase in the number of Summit Family shares outstanding Summit now has 5.82 million Jeff met with employees today and said his executive officer Jeff Smith plans to step new career will be working on his handicap away from day-to-day management of the shares outstanding. That is a 21% increase fromshares outstanding when the companies first agreed to the purchase in December. Arnell-West Inc. of West Valley City will conduct exteri- or conservation work on the Manti LDS Temple. Work on the $2.6 million contract be- gins in April Thomas Smith has been with the company some 30 president and chief operating officer. The 46-year-old Smith’s exit from the man plete, and will consider selling someofthe chain’s 104 JB's res. taurants. It said any proceeds from the sales would be used to expand Rocky Mountain Home Care, a Bountiful-based home health-care company, has opened its ninth office in Green River, Wyo. In addition to its nine home-healthoffices, the company also operates a rural health clinic and six skilled-care centers in Utah, Idaho and Wyoming Apollo Telecom Inc. reported sales of $101,000 for Summit's chain of Galaxy Diners 1950s-diner theme restaurants. the three months ended Dec. Alliant Techsystems Wins $13.1 Million Air Force Contract for the Salt Lake City-based long-distance telephone services provider, which was Alliant Techsystems’ aerospace systems group has received con tracts from Lockheed Martin Aeronautical Systems to develop and produce composite pivot shafts for theF the U.S. Air Force's next generation offighter planes Fabricationof the shafts, which movethe horizontal tails on the backs offighterjetplanes, will be handled at the group’s composite fiber facility in West Valley City 31. The result came from the first full quarter of operations formed through the manage: continue to be based at the company’s head quarters in southern ( fornia At that time, Smith s board of directors will months of speculation and rumors about its future Smith’s has agreed to acquire the store @ See SMITHS, Page D-12 It includes a planned major acquisition in HE of $15 on charges for bad checks isn't enoughfor bilked retailers to cover their costs in most cases, ac- cording to Republican Sen. Dave Buhlerof Salt LakeCity. Higher fees, said Buhler, will get the attention of bad-check writers and help protect honest customers This,” he said, “is a reason able approach.” His bill upping the fee ceiling, Senate Bill 56 tial approval from the — but only after ec sm Ol 8 VYVVVVVVVVYYYYYVY PRs mdsicor THAT'S RIGHT...FOR A LIMITED TIME GIASS ACT WILL WAIVE UP TO $100 OF YOUR INSURANCE DEDUCTIBLE. [J APPROVED BYALL INSURANCE COMPANIES. FAST, FREE MOBILE SERVICE FROM LOGANTO ST. GEORGE. lq if ALT UKE GLASS ACT 933-5644 The Rares! Bes! Tasting Coffee In The World PURE KONA COFFEE Espresso, Whole Beans, All Roasts & Flavors Make Bad Ass Your Coffee Store their bounced-check fees. customers. lowest in the country. Where's it going to stop? islation The measure is similar to one that failed to pass during the 1995 Legislature, which would have raised the limit to $25 ‘his year’s bill had been killed once by the Senate, and a propos voicevote, led by Dmitrich, failed 36 Mos} 6.40% 12 Mos 6.00% | NOW 20% OFF! to =a soothe muscle COMPLETE 4X5 CUSTOM CUT SAUNA KIT Nokia ¢ Audiovox Fiano trom? 1,895 aN BA dic) COMPLETE SPA PKG. Ce steee From $2,895 reNe No Payment until June '96 OAC Us To Call 1-800-467-3484 FOR RESERVATIONS een en 22222222222 Salt Lake 2392 S. 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Howard Stephenson ‘We Have GreatI-Shirts, Hats, etc. 3530 S, State 265-1182 A secondtry at revivingthe bill, this SReeeye CREPE SSESSS SESS SETS ON | The the said, would require separate leg Added Sen. Millie Peterson. D“People living for banks from raising their fees, he engineer. “These fees just keep going up and up and up West Valley City: | penalties g more than ever before on improvements. tack ling 250 new projects and beef- as good news to record numbers last vear about the long time they had to wait Keeping perated with the phone compa ny that they threatened happy to ter spenc The company’s year-end sta tistics come | who had become so exas lays ing for new phones Buhler countered that Utah check fees remain some of the Price and Robert Steiner of Salt LakeCity, voting in favor. It faces a second vote today x RAD BARR BARAAA AA the number of customers wait to get enough supporting votes. The measure’s critics are many tors, US WEST Communi Murray, warned that banks might use the higher limit for retail merchants as an excuseto raise 18-10, with only two of 10 Senate Democrats, Mike Dmitrich of asked Sen. Rex Black, D-Salt Lake City and aretired railroad paid off. D | eased pressure on state regula- cations Co. said it has reduced have these problems, and this just The Salt Lake Rotary Club and the Utah Department of Environmental Quality will hold their first Environmental Excellence Awards today during the club’s weekly luncheon at the Marriott Hotel Grand Ballroom. The organizations developedthe awards to recognize businesses and individuals SB56was advancedon avote of for new phone service. It also. TRIBL company an- hits them harder And Sen. Blaze Wharton. al last week to resurrect it with a aaIIIS | 1998 LAKE nounced Monday its $115-mil lion investment in growth has question. C222 nee imately $13.1 million andcall for the fabrication of 20 shafts for nineaircraft to be built through SALT on the margin are more apt to tious debate andavoteso close as to put the bill's final passagein The development, engineering and manufacturing contracts havea combinedvalue of approx- By Judy Fahys The phone state senator from Holladay has his way ‘Thecurrent state-imposedlimit be reorganized to give Yucaipa two seats on US WEST UpgradesPayOff | Bill Would Boost Fees For Bad-Check Writers HE SALT LAKE TR Bouncing a check could cost up to $20 in fees from merchants, ifa Yucaipa The Utah company Monday put to rest ment’s acquisition of Fox Communications Utah operations. oO who have implemented pro grams to reduce pollution, es pecially vehicle emissions Row in se land spent 25 years at Albertson's Inc nior executive positions agement scene at the regional chainis part of a sweeping companyrestructuring By Tony Semerad completed, The Companies will own 14% of Smith's and pro vide management services. Ronald W. Burkle Yucaipa’s managing partner, will be appoint ed chief executive officer, although he will To help take up the management slack Smith’s on Monday hired Allen R. Rowland as recting daily operations after midyear debt After that deal i years legendary grocer Dee Smith. no longer will have a Smith family member di- Summit, an operator and fran- chisor of JB's, Galaxy Diner and HomeTown Buffet restaurants reported its board has approved the buyout offer. CKEindicatedin early December that it plans to sell Summit's 16 HomeTownBuffet restaurants soon after thetransaction is com- Arizona company says Smith's spokeswomanShelley founded by Arizonathat positionsit as the top supermarket chain in the Phoenix area andareorgani- BRIEFLY... Superr Phoenix-based Smitty's from The Yucaipa Companies for af e that include: in T nillion in stock and assumption of $1 48 million of the dent and chief operating officer s chief The Salt Lake City-based grocery chain CKERestaurants Inc. Anaheim, has boosted thepriceit will pay Page D-10 zation of the company’s board and a new presi Oberbeck Smith's Food & Drug Centers Inc company and head forthe golf course CKE Ups Ante for Summit WEEKLY PLANNER Smith’s CEO to Resign in Major Revamp $405.80 Unchanged 30 INDUSTRIALS PAGE D-7 ZIONS BANK | over the last fifty years When you're ready, Utah's First Family of Hearing Specialists will be here for you. We'll make your hearing aids here in Utah, and will stand behind them 100% Littlepield's BETTER HEARING SINCE 1048 A Great Place to Save! Each Littlefield Hearing Aid with this ad presented at timeof purchase | 485-1441 Ogden Provo 5554 S. State 3408 Washington 424 N. Freedom Bivd. ) | | 1441 E. 2100 S. SUGARHOUSE Murray 262-1351 | 393-3108 373-7989 , | |
